Russian Rosneft buys Armenia’s Petrol MarketNovember 26, 2015 - 14:15 AMT PanARMENIAN.Net - Russian oil company Rosneft has acquired Petrol Market, a network of petrol filling stations in Armenia, for $40 million, TASS reports according to ARKA. The deal was finalized in August 2015. Petrol Market owns a chain of filling stations and tank farms in Armenia. Rosneft is the largest oil and gas company in Russia. Its main shareholder is the government-owned Rosneftegaz that holds 69.5% in Rosneft, another major shareholder being BP (19.75%). Part of the company’s shares are traded at the Russian stock market. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |